Mount Vernon, IL metro area Housing Market Brief
metro · IL · as of August 2026
What is Mount Vernon, IL metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Mount Vernon, IL metro area in its market cycle?
Mount Vernon, IL metro area is classified as Peaking — late-cycle, with momentum cooling from a high level. This is a classification of recent (1–12 month) momentum, not a price forecast.
Mount Vernon, IL metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $174K | ▲ +11.5% |
| Median Days on Market | 68 days | ▲ +13.3% |
| Months of Supply | 3.6 | ▲ +28.6% |
| Homes for Sale | 95 | ▲ +13.1% |
| Homes Sold | 27 | ▼ -12.9% |
| Median Price / Sq Ft | $112 | ▲ +25.6% |
How has Mount Vernon, IL metro area’s Alpha Score moved?
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Frequently asked questions
Is Mount Vernon, IL metro area a buyer's or seller's market?
As of August 2026, Mount Vernon, IL metro area is classified as a Seller's Market, based on its Alpha Score of 63 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Mount Vernon, IL metro area?
The median sale price in Mount Vernon, IL metro area is $174K, having risen 11.5% over the past year.
How affordable is Mount Vernon, IL metro area?
Mount Vernon, IL metro area scores 93 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Mount Vernon, IL metro area's Alpha Score?
Mount Vernon, IL metro area's strongest dimension is Rental Yield (94/100) and its weakest is Economic Strength (17/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Mount Vernon, IL metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.